Borough of Barnegat Light Regular Meeting Minutes February 11 2026
Terrace Properties Performance Bond and Escrow Refunded
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Description
Barnegat Light Council approved the release of remaining escrow funds and the performance bond totaling $101,625.00 to Terrace Properties LLC following completion of subdivision obligations and engineer review.
Contract Details
Contract Amount
$101,625.00 (performance bond), $191.25 (escrow return)
Vendor
TERRACE PROPERTIES LLC
Agency
Borough of Barnegat Light, NJ
Contract Type
OTHER
Document Date
February 11, 2026
Renewal Info
Completion of bond requirement; action closes out obligation for this project.
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